Livforsakringsbolaget Skandia Omsesidigt Sells 700 Shares of Uber Technologies, Inc. (NYSE:UBER)

Livforsakringsbolaget Skandia Omsesidigt lowered its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 17.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,315 shares of the ride-sharing company’s stock after selling 700 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Uber Technologies were worth $241,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of UBER. Strategic Blueprint LLC lifted its stake in Uber Technologies by 6.5% in the fourth quarter. Strategic Blueprint LLC now owns 6,603 shares of the ride-sharing company’s stock valued at $407,000 after buying an additional 405 shares in the last quarter. International Assets Investment Management LLC lifted its position in Uber Technologies by 23.4% in the 4th quarter. International Assets Investment Management LLC now owns 11,739 shares of the ride-sharing company’s stock valued at $723,000 after acquiring an additional 2,225 shares in the last quarter. RFG Advisory LLC boosted its stake in Uber Technologies by 35.7% in the 4th quarter. RFG Advisory LLC now owns 11,587 shares of the ride-sharing company’s stock worth $713,000 after purchasing an additional 3,051 shares during the period. Turtle Creek Wealth Advisors LLC bought a new position in Uber Technologies during the 4th quarter worth about $41,000. Finally, Sandy Spring Bank lifted its holdings in shares of Uber Technologies by 65.5% in the fourth quarter. Sandy Spring Bank now owns 4,616 shares of the ride-sharing company’s stock valued at $284,000 after purchasing an additional 1,827 shares in the last quarter. 80.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

UBER has been the subject of several recent analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $80.00 target price on shares of Uber Technologies in a research note on Wednesday, August 7th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $92.00 price objective on shares of Uber Technologies in a research report on Tuesday, July 30th. The Goldman Sachs Group upped their price objective on shares of Uber Technologies from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Wolfe Research began coverage on shares of Uber Technologies in a research report on Tuesday, July 16th. They set an “outperform” rating and a $90.00 target price on the stock. Finally, Oppenheimer reiterated an “outperform” rating and issued a $90.00 price target on shares of Uber Technologies in a research note on Wednesday, June 5th. Four equities research analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.47.

Uber Technologies Stock Performance

Shares of UBER traded up $0.27 on Monday, reaching $68.81. 4,437,865 shares of the company’s stock traded hands, compared to its average volume of 19,178,219. The stock’s 50 day simple moving average is $68.47 and its two-hundred day simple moving average is $71.05. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. Uber Technologies, Inc. has a 52-week low of $40.09 and a 52-week high of $82.14. The stock has a market cap of $143.78 billion, a PE ratio of 111.35, a PEG ratio of 1.45 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last released its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. The company had revenue of $10.70 billion for the quarter, compared to analysts’ expectations of $10.57 billion. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.18 EPS. On average, analysts forecast that Uber Technologies, Inc. will post 0.84 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Tony West sold 28,000 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $70.67, for a total transaction of $1,978,760.00. Following the completion of the transaction, the insider now owns 96,945 shares of the company’s stock, valued at $6,851,103.15. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the completion of the transaction, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tony West sold 28,000 shares of Uber Technologies stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $70.67, for a total transaction of $1,978,760.00. Following the sale, the insider now owns 96,945 shares of the company’s stock, valued at $6,851,103.15. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,117,234 shares of company stock valued at $76,982,734. Corporate insiders own 3.84% of the company’s stock.

About Uber Technologies

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.